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Background Head of Capital Investment Coordinating Board of Indonesia has issued the Regulation Number 17 of 2015 on the Guideline and Procedure for Controlling Capital Investment Operation (“PERKA BKPM 17/2015”), which became effective on 8 October 2015. This PERKA BKPM 17/2015 revokes Head of Capital Investment Coordinating Board Regulation No.3 of 2012. Capital Investment Capital…

Background On 3 September 2015, Head of Capital Investment Coordinating Board of Indonesia has issued the Head of Capital Investment Coordinating Board Regulation Number 13 of 2015 on the Procedure of Applying for Facilities on Reduction of Entity Income Tax as lastly amended by Head of Capital Investment Coordinating Board Regulation Number 19 ofr 2015.…

Background Procedure of procuring financing from foreign private creditors (“FPC”) is governed under Minister of Finance Regulation No. 45/PMK.08/2014 of 2014 (“MFR No. 45/2014”). This regulation has been enforced to renew the previous one, namely Minister of Finance Regulation No. 14/PMK.08/2012 of 2012 (“MFR No. 14/2012”) which is considered inappropriate with the current condition. Types…

Prior to Regulation No. 45 of 2014, the types and tariffs of non-tax state revenue applicable to the Ministry of Law and Human Rights (hereinafter referred to as ‘Ministry’) were regulated in Government Regulation No. 38 of 2009. Regulation No. 45 of 2014 (hereinafter referred to as: ‘Regulation No. 45/2014’) was recently issued to adjust…

Background In order to increase investment activities in Indonesia as well as the implementation of Indonesia’s commitment with respect to the Association of Southeast Asian Nations/ASEAN Economic Community (AEC), it is necessary to rework the provisions on the list of business fields closed to investment and business fields open with conditions to investment or commonly…

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